If I Could Buy Only 1 High-Yield Dividend Stock in October for Passive Income, This Would Be It

With the S&P 500 (SNPINDEX: ^GSPC) hovering around an all-time high, investors may be more interested in growth stocks with market-beating potential than high-yield dividend stocks. But long-term investors know that the true value of dividend stocks is the passive income they provide, no matter what the market is doing.Building a passive income stream is especially useful for investors looking to supplement income in retirement or for folks incorporating passive income into their financial planning.Here's why Clorox (NYSE: CLX) is an excellent high-yield dividend stock to buy for investors looking to power their passive income stream.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool